Lido Advisors LLC Boosts Stock Position in Enterprise Products Partners L.P. (NYSE:EPD)

Lido Advisors LLC grew its stake in shares of Enterprise Products Partners L.P. (NYSE:EPD - Free Report) by 70.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 196,394 shares of the oil and gas producer's stock after buying an additional 81,252 shares during the period. Lido Advisors LLC's holdings in Enterprise Products Partners were worth $6,159,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Rosenberg Matthew Hamilton boosted its stake in Enterprise Products Partners by 364.4% in the 4th quarter. Rosenberg Matthew Hamilton now owns 836 shares of the oil and gas producer's stock worth $26,000 after purchasing an additional 656 shares during the period. Tidemark LLC lifted its holdings in shares of Enterprise Products Partners by 54.3% in the 4th quarter. Tidemark LLC now owns 904 shares of the oil and gas producer's stock worth $28,000 after acquiring an additional 318 shares during the last quarter. Lee Danner & Bass Inc. bought a new stake in Enterprise Products Partners during the 4th quarter valued at about $29,000. Crowley Wealth Management Inc. bought a new stake in Enterprise Products Partners during the 4th quarter valued at about $30,000. Finally, National Bank of Canada FI lifted its holdings in Enterprise Products Partners by 55.4% during the 4th quarter. National Bank of Canada FI now owns 1,010 shares of the oil and gas producer's stock valued at $32,000 after buying an additional 360 shares in the last quarter. 26.07% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have commented on EPD shares. Citigroup reissued a "buy" rating on shares of Enterprise Products Partners in a research report on Tuesday, February 18th. JPMorgan Chase & Co. boosted their target price on shares of Enterprise Products Partners from $37.00 to $38.00 and gave the stock an "overweight" rating in a research report on Thursday, March 27th. Barclays increased their price target on shares of Enterprise Products Partners from $35.00 to $37.00 and gave the stock an "overweight" rating in a report on Friday, March 14th. Truist Financial raised their target price on Enterprise Products Partners from $37.00 to $40.00 and gave the company a "buy" rating in a research report on Friday, January 3rd. Finally, Wolfe Research cut Enterprise Products Partners from an "outperform" rating to a "peer perform" rating in a report on Friday, January 10th. Four investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $36.89.

Enterprise Products Partners Stock Performance

NYSE:EPD opened at $30.81 on Wednesday. The company has a fifty day simple moving average of $32.26 and a two-hundred day simple moving average of $31.97. The company has a market cap of $66.73 billion, a price-to-earnings ratio of 11.45, a price-to-earnings-growth ratio of 1.37 and a beta of 0.78. The company has a quick ratio of 0.83, a current ratio of 1.07 and a debt-to-equity ratio of 1.05. Enterprise Products Partners L.P. has a 52 week low of $27.37 and a 52 week high of $34.63.

Enterprise Products Partners (NYSE:EPD - Get Free Report) last issued its earnings results on Tuesday, April 29th. The oil and gas producer reported $0.64 EPS for the quarter, missing analysts' consensus estimates of $0.69 by ($0.05). Enterprise Products Partners had a return on equity of 20.48% and a net margin of 10.49%. The firm had revenue of $15.42 billion for the quarter, compared to analyst estimates of $14.14 billion. During the same quarter in the previous year, the firm posted $0.66 EPS. The business's revenue for the quarter was up 4.5% on a year-over-year basis. As a group, equities analysts anticipate that Enterprise Products Partners L.P. will post 2.9 earnings per share for the current fiscal year.

Enterprise Products Partners Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 14th. Stockholders of record on Wednesday, April 30th will be given a dividend of $0.535 per share. This represents a $2.14 annualized dividend and a dividend yield of 6.95%. The ex-dividend date of this dividend is Wednesday, April 30th. Enterprise Products Partners's dividend payout ratio (DPR) is presently 79.55%.

Enterprise Products Partners Company Profile

Enterprise Products Partners L.P. provides midstream energy services to producers and consumers of natural gas, natural gas liquids (NGLs), crude oil, petrochemicals, and refined products. It operates in four segments: NGL Pipelines & Services, Crude Oil Pipelines & Services, Natural Gas Pipelines & Services, and Petrochemical & Refined Products Services.

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